Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Dunkin’ Donuts located in Schaumburg, IL. Developed at the end of 2017, Dunkin Donuts had over 9 years remaining of the initial 10-year lease. The seller was a local developer and the buyer was a Sacramento-based investor completing a 1031 Exchange. Quantum Real Estate Advisors president, Chad Firsel, and senior vice president, Jason Caplan, represented the seller in the transaction.
“The seller achieved an aggressive cap rate at a time that saw similar investments trade 20-30 basis points higher,” Caplan said. “The buyer was able to acquire a high-quality property with a strong operator that incorporates Dunkin’ Brands smaller footprint and larger drive-thru prototype.” Caplan continued, “Both parties worked in conjunction to close and are extremely satisfied with this transaction.”